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Canada inflation eases to 1.7%, driven by falling gas prices
Out of 10 Canadian provinces, six saw prices rising at a slower year-over-year pace in July compared with June. Nova Scotia’s inflation held steady. Quebec, Prince Edward Island and Newfoundland and Labrador saw higher inflation in July, with the latter experiencing the most acceleration, mainly due to higher electricity prices.
Why is my grocery bill climbing even as Canada’s inflation rate falls? Here’s what’s behind the numbers
A big drop in gasoline prices is behind Canada’s inflation rate remaining low. Statistics Canada released its July Consumer Price Index (CPI) figures Aug. 19, which noted the rate dropped since June — and is now at 1.7 per cent. In June, it was a 1.9 per cent.
Canada’s annual inflation rate eased to 1.7 per cent in July from 1.9 per cent in the prior month as lower year-on-year ...
Canada’s inflation rate fell to 1.7 per cent in July, slowing slightly more than expected and easing some fears about sticky ...
The Canadian dollar hit its lowest in almost three weeks against its U.S. counterpart on Tuesday as oil prices fell and ...
Although inflation in Canada eased to the Bank of Canada’s 2% target in August, Royal Bank of Canada economists aren’t partying. They argue 2024’s 2% inflation isn’t 2019’s 2%.
Consumer inflation in Canada rose by less than expected in July, according to Statistics Canada, as falling gasoline prices offset price increases elsewhere.
Canada's main stock index inched lower on Monday as investors avoided big bets ahead of domestic inflation data due on ...
OTTAWA—Inflation in Canada heated up last month due in part to jump in mortgage-interest costs with higher interest rates, though there were some signs of prices moderating for consumers.
The annual rate of inflation cooled to 1.7 per cent in July, according to Statistics Canada, down from 1.9 per cent in June.
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